2024 GDP Expected to Exceed Forecasts, Promising Positive Economic Momentum

On February 16, 2024, Phayong Srivanich, President of the Thai Banking Association, revealed that Thailand's 2025 economy is expanding better than market expectations, despite global economic uncertainties. The National Economic and Social Development Council reported Q4 2025 GDP growth at 2.5%, higher than anticipated, resulting in a full-year growth of 2.4% versus the original 2.0–2.2% forecast. The government's professional policy implementation, characterized by close private sector coordination and transparent measures, has been crucial in this performance. The 'Quick Big Win' strategy has played a key role in short-term economic stabilization while laying long-term foundations. Looking forward, the focus is not just on maintaining growth but on continuously building trust and confidence in the Thai economy.